Credit: Shutterstock photoInclement weather conditions led to widespread flight cancellations in and around Chicago on Monday. Chicago O'Hare International Airport - one of the busiest airports in the world - has been affected the most by the extreme weather conditions.
Likewise, Chicago Midway International and Dallas/Fort Worth International Airports were the other two hubs which experienced a high number of cancellations and delays.
United Continental Holdings Inc. UAL has cancelled nearly 70 flights by 10 a.m. at Chicago O'Hare International Airport while Southwest Airlines Co. LUV called off 60 flights till noon. Likewise, American Airlines Group AAL cancelled nearly 88 departures on the same day.
As per data released by FlightAware.com, the U.S. airline industry witnessed 2,904 cancellations on Monday while 4,979 flights were delayed. Meanwhile, Trade group Airlines for America revealed that yesterday was one of the busiest Christmas travel days for the U.S. aviation industry after Jan 3 and Dec 18.
We believe that disruption of flights during peak festive seasons will certainly impact air traffic this month for most carriers.
Most Chicago-bound flights faced a similar crisis when Northeast snowstorm Cato significantly affected travel plans of a huge number of fliers last festive season. To counter the effect of the calamity, carriers like American Airlines and United Airlines waived off re-booking charges for fliers while Delta Air Lines Inc. DAL and JetBlue offered flexible travel plans to passengers.
We also expect these carriers to implement similar policies to manage this latest occurrence, which will again affect revenues for most carriers.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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